There is no one best way
There isn't a single best approach; select the one that aligns with your context and makes the most sense. In addition to using the VECTOR approach, another option is to adopt an HR process-driven approach to define HR strategic themes.
Organization Aspiration
Business Priorities
Measures of success
Potential challenges
Implications for HR
How could HR enable business through
Expand medical devices business into China market
Compliance and regulatory issues delay launch timelines
Enter medical devise market in China by 2023
Workforce capability & availability Culture & Engagement Processes & Practices Leadership, Vision Organization structure & system
Unanticipated supply chain issues and low
Create products that are 25% more energy-efficient within three years
Promote green product as new offering at low prices
Alternatively, it can be HR process-driven approach e.g. Sourcing & mobilizing Learning & developing Rewarding & Engaging
market awareness drive costs up and put margins under pressure
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